Ukraine, one of world’s top grain exporters, is ready to ban wheat exports if sales exceed limits agreed with traders, the deputy economy minister in charge of agriculture told Reuters on Wednesday.
Any further restrictions of Ukraine’s grain exports could speed up trade from Black Sea producers Russia and Kazakhstan, depleting their grain export quotas earlier than anticipated.
Ukraine has exported 18 million tonnes of wheat so far in 2019/20, leaving an additional 2 million tonnes available for export over the rest of this season that runs until June 30, in line with a memorandum signed with traders.
